Saving Money to Get Ahead

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stores downtown that won't help you in saving money.

You’ve probably been told been told all your adult life how important it is to save your money. For most of us, it’s easier said than done. The temptation of going out shopping because you’re bored or not cooking because, let’s face it, you’re just being lazy, can put a big dent in your bank account. Enjoying the nightlife is fun and exciting but also…expensive. But when you’re faced with all these fun things, it’s hard to imagine saving money. After all, there are fun things to do now. But you know better. You know that saving money will bring you peace of mind and allow you to do more fun things…you just have to have a little patience.Next time you find your credit card calling to you out of despair and neglect, remind yourself of these three things.

  1. Living paycheck to paycheck is basically the worst. Honestly, do you want to wait 5 days before buying socks, toilet paper or food? Spending less than you earn is the number one way you can avoid living paycheck to paycheck. When you get paid, always pay yourself first. If you added $10 a week to your stash you would have $40 at the end of month one, $240 by the end of month six and $480 by the end of your first year! You might not see that as a huge savings now, but once you get into that habit it will become second nature for you and you’ll have a nice little cushion if something goes wrong.
  2. You work hard, don’t you want something to show for it? Without a bit of money saved you may start to feel like all that hard work is for nothing. Getting caught in the daily grind of work, home, sleep, wake and repeat will eventually become unbearable. You need down time, relaxation, entertainment, and most of these things require some cash. You should have balance in your life – give yourself a certain amount to spend on clothes, food, and entertainment, and when it’s gone it’s gone. This helps balance your hard work and frugalness with a reward here and there!
  3. Credit card debt just makes things worse. Seems logical, and if you have ever been in credit card debt you know how it feels to suffocate under the weight of a debt that keeps growing month to month. Here’s the thing – If you’re going to actively avoid credit card debt, you need an emergency savings account to fall back on when something goes wrong (and believe me, things will go wrong).

Saving money is the best way to get ahead

So there it is, why saving money is the best way to get ahead in life. When you have money to fall back on, you have the freedom to hop on a train for a weekend adventure or to join your friends for a weekend out. The self-control and frugalness you exercise in your daily life allows you more freedom and flexibility when you want to have fun. So what are you waiting for? Start saving!

Need a little motivation? Centsibly Rich has a really cool program to help you get started by saving $500 in 6 weeks!

Getti
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